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EARNINGS PER SHARE | 9 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | NOTE 10. EARNINGS PER SHARE The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised. The following table sets forth the computation for basic and diluted EPS:
|  | Nine Months Ended March 31, |  |  | Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
(dollars in thousands, except per share data) |  | As Restated (See Note 2) |  |  |  |  |  |  | As Restated (See Note 2) |  |  |  |  |
Income (Loss) from Continuing Operations |  | $ | 27,212 |  |  | $ | (5,962 | ) |  | $ | 8,607 |  |  | $ | (1,557 | )
Loss from Discontinued Operations |  |  | - |  |  |  | (338 | ) |  |  | - |  |  |  | (85 | )
Less: Net Loss Attributable to Non-Controlling Interest from Discontinued Operations |  |  | - |  |  |  | (118 | ) |  |  | - |  |  |  | (30 | )
Net Loss Attributable from Discontinued Operations to U.S. Global Investors, Inc. |  |  | - |  |  |  | (220 | ) |  |  | - |  |  |  | (55 | )
Net Income (Loss) Attributable to U.S. Global Investors, Inc. |  | $ | 27,212 |  |  | $ | (6,182 | ) |  | $ | 8,607 |  |  | $ | (1,612 | )
Weighted average number of outstanding shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 15,075,064 |  |  |  | 15,127,118 |  |  |  | 15,061,818 |  |  |  | 15,121,950 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee stock options |  |  | 731 |  |  |  | - |  |  |  | 1,170 |  |  |  | - |
Diluted |  |  | 15,075,795 |  |  |  | 15,127,118 |  |  |  | 15,062,988 |  |  |  | 15,121,950 |
Earnings Per Share Attributable to U.S. Global Investors, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic Net Income (Loss) per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 1.81 |  |  | $ | (0.40 | ) |  | $ | 0.57 |  |  | $ | (0.11 | )
Loss from discontinued operations |  | $ | - |  |  | $ | (0.01 | ) |  | $ | - |  |  | $ | - |
Net income (loss) |  | $ | 1.81 |  |  | $ | (0.41 | ) |  | $ | 0.57 |  |  | $ | (0.11 | )
Diluted Net Income (Loss) per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 1.81 |  |  | $ | (0.40 | ) |  | $ | 0.57 |  |  | $ | (0.11 | )
Loss from discontinued operations |  | $ | - |  |  | $ | (0.01 | ) |  | $ | - |  |  | $ | - |
Net income (loss) |  | $ | 1.81 |  |  | $ | (0.41 | ) |  | $ | 0.57 |  |  | $ | (0.11 | )
The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the three and nine months ended March 31, 2021, no employee stock options were excluded from diluted EPS. For the three and nine months ended March 31, 2020, employee stock options for 2,000 were excluded from diluted EPS. During the nine months ended March 31, 2021, and 2020, the Company repurchased class A shares on the open market. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

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